Shinhan Financial Group Co Ltd (SHG) Tax Rate (2009 - 2026)
Shinhan Financial (SHG) reported Tax Rate of 77.38% for the quarter ended Jun 30, 2026, up 74.17 percentage points from 3.21% a year earlier and up 76.22 percentage points from the prior quarter.
Shinhan Financial Group Co Ltd (SHG) Tax Rate (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Shinhan Financial's Tax Rate came in at 35.80%, up 35.48 percentage points year-over-year; for the year ended Dec 31, 2025, it was 26.62%, up 2.22 percentage points from the prior year.
- Tax Rate has a five-year change of +0.20 percentage points (years ended Dec 2020 to Dec 2025).
- By year, Tax Rate came in at 24.40% in the year ended Dec 31, 2024 (-0.53 pp), 24.93% in the year ended Dec 31, 2023 (-0.38 pp), 25.31% in the year ended Dec 31, 2022 (-1.04 pp) and 26.35% in the year ended Dec 31, 2021 (-0.07 pp).
- Five-year quarterly Tax Rate spans a low of -70.84% in the quarter ended Sep 30, 2021 and a high of 291.06% in the quarter ended Sep 30, 2022.
- Year over year, Tax Rate gained in four of the last six quarters, with an average year-over-year change of +12.47 percentage points.
- The high point for year-over-year Tax Rate in five years was the quarter ended Sep 30, 2022 (a gain of 361.90 percentage points); the low point was the quarter ended Sep 30, 2023 (a drop of 285.14 percentage points).
- Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at 1.16% (quarter ended Mar 31, 2026), 207.63% (quarter ended Dec 31, 2025) and -1.32% (quarter ended Sep 30, 2025).
Peer Comparison
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 26.60% |
| Mar 31, 2026 | 1.16% |
| Dec 31, 2025 | 41.33% |
| Jun 30, 2025 | 23.88% |
| Mar 31, 2025 | 0.06% |
| Mar 31, 2024 | 0.09% |
| Mar 31, 2023 | 1.11% |
| Sep 30, 2022 | 291.06% |
| Mar 31, 2022 | 0.00% |
| Jun 30, 2021 | 0.68% |
| Mar 31, 2021 | 0.07% |
| Mar 31, 2020 | 0.20% |
| Dec 31, 2019 | 34.23% |
| Dec 31, 2018 | 39.74% |
| Mar 31, 2018 | 0.07% |
| Dec 31, 2017 | 28.30% |
| Mar 31, 2017 | 0.04% |
| Dec 31, 2016 | 1.17% |
| Sep 30, 2016 | 23.82% |
| Jun 30, 2016 | 22.64% |
Shinhan Financial Group Co Ltd Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=SHG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "SHG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=SHG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();